AGP Executive Report
Last update: 3 hours agoMarkets: ASX futures pointed to a 0.8% fall after local shares rose, as a rebound in US AI stocks steadied global markets. The Australian dollar strengthened to US69.81¢, helped by euro weakness and China growth. Banking: Bendigo and Adelaide Bank reported higher first-quarter cash earnings on deposit growth. Meanwhile, September’s weaker employment data and rising joblessness cooled expectations of an RBA rate hike. Corporate Deals: EQT’s binding A$9.3 billion enterprise-value offer for Cleanaway sent the waste group’s shares sharply higher. Households: Mortgage-sector slowdown is putting pressure on lenders, while a new survey found three in four Australians would need to cut spending if housing costs rose by just $20 a week. Investment: Super funds are weighing a greater tilt towards Asia, while UniSuper’s CIO warned investors against funding weak AI business models.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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